<p>According to TechFlow, on February 26, Bitcoin News reported that the Central Bureau of Investigation (CBI) of India is conducting a large-scale investigation into the GainBitcoin cryptocurrency scam, raiding over 60 locations across India. The case involves approximately $75.80 million.</p> <p>GainBitcoin was a Ponzi scheme initiated in 2015 by Amit Bhardwaj (deceased) and his brother Ajay Bhardwaj, promising investors a monthly return of 10% in Bitcoin through "cloud mining" contracts for a period of 18 months. After starting to collapse in 2017, the payment method was switched from Bitcoin to a lower-value internal token, MCAP.</p>

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<p>According to a report from Bitcoin News on February 26, Deep Tide TechFlow reports that the Central Bureau of Investigation in India is conducting a large-scale investigation into the GainBitcoin cryptocurrency scam, having raided over 60 locations across India. The case involves approximately $75.80 million.</p>
<p>GainBitcoin was a Ponzi scheme initiated in 2015 by Amit Bhardwaj (deceased) and his brother Ajay Bhardwaj, which promised investors a monthly return of 10% in Bitcoin through "cloud mining" contracts for a duration of 18 months. After starting to collapse in 2017, the payment method was changed from Bitcoin to a lower-value internal token, MCAP.</p>
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Indian authorities raid and investigate the GainBitcoin cryptocurrency scam, involving approximately $75.80 million.